Ethio Telecom plans to install 4G

Ethio Telecom plans to install a 4G network in the capital and other regions and to upgrade other network services, as the government prepares to open up the sector to private foreign investment.

Ethiopia announced it would award two telecoms licenses to multinational mobile companies, by opening one of the world’s last major closed telecom markets.

Referring to the liberalization drive, Ethio Telecom on Friday announced a three-year strategic plan to “reshape the company and lead with business orientation and a competitive mindset.”

Ethio Telecom will roll out 4G network capacity in Addis Ababa and other regions, and improve network coverage and capacity, the company said.

The company expects to increase total subscribers by 16% to 50.46 million in the year to July 2020. It plans to open 73 new retail shops over the same period, bringing the total to 438, it said.

Ethiopia, which has a population of more than 100 million people, has been among Africa’s fastest growing economies for more than a decade.